US economic activity plummets | Finance

The study is based on surveys of regional central banks. Data current until April 6th. Investors will always pay close attention to the Peugeot book as it provides a clear picture of the future of interest rate policy.

According to the Central Bank, all regions of the United States have collapsed. In addition, business opportunities for all districts are uncertain. In the coming period, it is to be expected that the situation will worsen rather than improve the situation, so this too was said.

Many companies in the United States closed their doors in March due to the virus outbreak. In addition, Americans were urged to stay indoors as much as possible in an effort to control the spread of the virus. The drastic measures have helped millions of Americans lose their jobs. In the second quarter of this year, the U.S. economy is likely to shrink by 25 percent year-on-year.

In response to the problems, the central bank put forward unprecedented measures to avert a crisis. For example, the interest rate was reduced to almost zero. A comprehensive purchase plan was announced and other emergency measures were taken, including maintaining credit flows. The total package value to support the economy is 3 2.3 trillion.

Among other things, the central bank is setting up a $ 500 billion facility to provide direct credit to US municipalities, states and other local governments. Another $ 600 billion project would provide enough credit for small and medium-sized businesses to survive.